1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
madreJ [45]
3 years ago
14

An asset used in a four-year project falls in the five-year MACRS class for tax purposes The asset has an acquisition cost of $5

,100,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Refer to Table 10.7 (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Business
1 answer:
zalisa [80]3 years ago
4 0

Answer:

$1,449,068.80

Explanation:

Book value on purchase                    $5,100,000

Less: Accumulated depreciation       $4,218,720

(5,100,000*(0.2+0.32+0.192+0.1152) <u>                     </u>

Book value on sales                            <u>$881,280</u>

<u />

Salvage value of paint   $1,600,000

Book value of as set      <u>$881,280   </u>

Gain on disposal            <u>$718,720</u>

Tax on gain on disposal = $718,720 * 21% = $150,931.20

After tax cash flow = $1,600,000 - $150,931.20

After tax cash flow = $1,449,068.80

You might be interested in
Which type of shark has the largest estimated population in the world?
alexira [117]
One species that could fall in thus category is the Tiger Shark. These animals can grow to over 5 meters and weigh up to 800 kilograms. They can be found in almost all tropical waters north or south of the equator. They are very aggressive and are more likely to attack humans that great white sharks. They can be found in habitats ranging from reefs to the open ocean. 
4 0
3 years ago
Shelly Sanders gets a loan for $3,000 and repays the loan in 12 monthly payments of $258 per month. Under the APR formula, what
alexandr402 [8]

Answer: $8

Explanation:

Total loan is $3,000

Monthly instalments of $258

Tenor of 12 months

Total interest paid on loan = $258 x 12= $3,096

Interest = $3,096 - $3,000 = $96

Apr = $96/$3000= 0.032

= 0.032 x 100

= 3.2% annual rate

= 3000 x 3.2%

= 96/12 = $8

4 0
3 years ago
Read 2 more answers
How would you best describe a manufacturing employee who has lost his job because he was replaced by a robot (new technology) an
Fynjy0 [20]

The manufacturing employee who has lost his job because he was replaced by a robot and does not have the skills necessary to help operate the robot can be best described as "structurally unemployed".

<h3>What is new technology?</h3>

Any set of productive techniques which offers a significant improvement (whether measured in terms of increased output or savings in costs) over the established technology for a given process in a specific historical context is termed as  new technology.

Artificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages.

Learn more about new technology here,

brainly.com/question/18698285

#SPJ1

7 0
1 year ago
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
bazaltina [42]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The West business segment had sales revenues of $1,090,000, variable expenses of $552,000.

The contribution margin is calculated deducting form sales the total variable expenses:

Contribution margin= 1,090,000 - 552,000= $538,000

3 0
3 years ago
Which of the following statements is true of the social responsibilities of a business? Multiple Choice Legal responsibilities a
ElenaW [278]

Answer:

A firm’s ethical responsibilities go beyond its legal responsibilities.

Explanation:

5 0
3 years ago
Other questions:
  • The money being made in a company.<br> A)Obsolesce <br> B)Solvency <br> C)Revenue <br> D)Debt
    11·1 answer
  • Assume that a single commercial bank has no excess reserves and that the reserve ratio is 20 percent. If this bank sells a bond
    15·1 answer
  • Donna Holbrook, an administrative assistant at Mason Enterprises, charged some office supplies to the company credit card. Sever
    9·1 answer
  • ________ are consumer products for which a consumer either has little awareness or interest until a need arises. these products
    10·1 answer
  • You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500
    12·1 answer
  • 1. Carla Vista Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $26,
    7·1 answer
  • Industrial ecology (select THREE): Group of answer choices
    14·1 answer
  • Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $6
    12·1 answer
  • How to choose scented candles online?
    13·1 answer
  • Assuming that all occupied blocks need to be moved, how long will it take to compact the memory
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!